- Proxama said it had established four revenue-generating location intelligence products, meeting a performance hurdle it set out in June.

The company said it had also gathered location data from over 6m consumers, generating over 8bln data points, exceeding performance targets of 5m and 6bln, respectively.

"We are focused on delivering further products and insights into the market, and are keeping our business overheads to a minimum," chief executive Mark Slade said.

"For example, we have taken significant infrastructure and office costs out of the business."

The company is due to provide a pre-closing update in January.

At 9:11am: [LON:PROX] Proxama Plc Ord 1p share price was 0p at 0.02p

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